Central PA 401(k) – A retirement plan built for local organizations

Retirement plans can be intimidating, but they don’t have to be. The SECURE Act introduced Pooled Employer Plans, allowing employers to join forces in offering retirement benefits instead of starting their own plan. The Central PA 401(k) by Conrad Siegel offers a simple, flexible, and affordable solution.

A 401(k) for small & mid-sized businesses

The Central PA 401(k) was created to meet the needs of busy business leaders who juggle multiple responsibilities – but still want a great plan for their people.

We take care of:

Plan website and online support
Recordkeeping, plan administration, and investment services
Fiduciary oversight
Retirement education and financial wellness for your employees

Turnkey

The plan is designed to be hands-off for the organization. We take care of everything.

Affordable

The plan is designed to be budget friendly, sharing costs with other employers in the plan.

Flexible

While the plan has standard elements, you still have the ability to customize features so it works for you and your people.

Supported

The plan is fully managed by Conrad Siegel. You’ll have a dedicated point of contact and your employees get access to our retirement education team.

A 401(k) could be more affordable than you think

Cost structure – Employer

Start-up Fees

$0

Monthly Service Cost

$90-$500+/month (based on # of employees)

Matching

Employer’s choice

Costs – Employees

Investment Costs

.4% (.1% of account balance, paid quarterly)

Should local small businesses have a retirement plan?

Some (maybe most) small businesses have started to consider offering higher wages but what other benefits should be offered? What about a retirement plan? A retirement plan may seem like a standard benefit but these plans have been out of reach for most small businesses for a long time.

Can local small businesses offer a retirement plan? New tax credits could make a big difference

Retirement plans can provide employers with an essential tool for recruiting and retaining their workforce. Yet, many small employers struggle with the costs of establishing and the complexities of maintaining a retirement plan. With the passage of the Secure 2.0 Act of 2022, small employers have increased tax credits available to cover the startup costs of a workplace retirement plan and to make employer contributions to that plan.

Pooled Employer Plans (PEPs) vs. SIMPLE IRA

Get a quote to join the plan